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Revenue from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2021
Revenue From Contract With Customer [Abstract]  
Schedule of Deferred Revenue and Customer Advances by Arrangement

A rollforward of the Company’s deferred revenue and customer advances is as follows:

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

March 31, 2021

 

 

March 31, 2020

 

Beginning balance, January 1(1)

 

$

36.7

 

 

$

24.8

 

Additions to deferred revenue and customer advances

 

 

25.5

 

 

 

17.7

 

Amount of deferred revenue and customer advances recognized in income

 

 

(22.3

)

 

 

(17.1

)

Ending balance, March 31(2)

 

$

39.9

 

 

$

25.4

 

 

 

(1)

Beginning deferred revenue and customer advances as of January 1, 2021 included $18.4 of current deferred revenue, $5.5 of long-term deferred revenue and $12.8 of current customer advances.

 

(2)

Ending deferred revenue and customer advances as of March 31, 2021 included $17.3 of current deferred revenue, $4.5 of long-term deferred revenue and $18.1 of current customer advances.

Summary of Revenue from Contracts with Customers

The following table summarizes revenue from contracts with customers:

 

 

 

Three Months Ended March 31, 2021

 

 

 

Vacuum &

Analysis

 

 

Light &

Motion

 

 

Equipment &

Solutions

 

 

Total

 

Net revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

$

379.2

 

 

$

165.0

 

 

$

60.8

 

 

$

605.0

 

Services

 

 

56.6

 

 

 

17.0

 

 

 

15.3

 

 

 

88.9

 

Total net revenues

 

$

435.8

 

 

$

182.0

 

 

$

76.1

 

 

$

693.9

 

 

 

 

Three Months Ended March 31, 2020

 

 

 

Vacuum &

Analysis

 

 

Light &

Motion

 

 

Equipment &

Solutions

 

 

Total

 

Net revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

$

276.2

 

 

$

149.7

 

 

$

35.3

 

 

$

461.2

 

Services

 

 

43.1

 

 

 

15.7

 

 

 

15.7

 

 

 

74.5

 

Total net revenues

 

$

319.3

 

 

$

165.4

 

 

$

51.0

 

 

$

535.7